Whole Foods hacked
Whole Foods becomes the latest retailer to be be hit by a data security breach. Hackers were able to gain access to credit card information for customers who made purchases at some of its in-store restaurants and taprooms. The company has not yet disclosed which locations were hit. (CNN)
Lidl sales bombing in U.S.
European supermarket Lidl is reporting that thus far, its U.S. sales are weak. In efforts to change the current progress, Michael Arnada, the former CEO of Lidl Spain, was recently appointed to a Lidl divisional board with oversight of the U.S. (Supermarket News)
H&M sales suffer under discounting
The fashion retailer reported a 20% drop in the latest quarter as heavy summer discounting affected profits. While the company's online sales are growing, it has not yet compensated for the fewer customers shopping in-store. (Financial Times)
Forever21, Taco Bell team up for fashion line
Forever21 is partnering with Taco Bell to create an exclusive fashion line of bodysuits, sweatshirts and hoodies. The idea is to help introduce each brand to a new customer base. The clothing retailer plans to only offer the Taco Bell line for a limited time in order to spark a shopping rush. (USA Today)